With Rock Band dev Harmonix now up for sale from parent company Viacom, many outed EA as a potential buyer. Turns out, that’s not the case — as company boss John Riccitiello has told Bloomberg that EA has no intention of making a bid. EA is steering clear of larger acquisition attempts, with Riccitiello noting that the bulk of EA’s focus right now is centered on R&D, making current investments grow — especially those in the digital space.

Riccitiello equates the buyout of Harmonix to “catching a falling knife.”

“I’m sure some smart investor will buy the business feeling that they can catch a falling knife, but more people have been cut trying to catch falling knives than have benefitted from getting the timing exactly right.”

EA isn’t completely taking acquisitions off its road map, however. Riccitiello notes that smaller players are being considered. “There are probably 25 companies on our radar that would make sense for us at somewhere between 5 and 10 percent of the asking price,” he noted.

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Read more: Riccitiello: EA Not In The Business Of Exploiting Licensed Properties Anymore,  Valve: We’re Happy To Enter Acquisition Talks,  Rock Band 3 Out This Holiday,  Yes, BioWare Is Working On A Knights of the Old Republic MMO,  Activision To Harmonix: Pay Up, Sucka